Covid and its variants; Is the world ready?

Team Veye | 04-Jan-2021 Covid and its variants

The entire world has been focussed on devising ways to come out of the COVID-19 pandemic. WHO and partners have been working together on the response -- tracking the pandemic, advising on critical interventions and distributing vital medical supplies to those in need.

While we are still at it, a new variant of coronavirus had been found which was growing faster in some parts of England. Switzerland, Finland, Australia, Zambia and France have also detected the variant. The World Health Organization has said in a report that at least four types of coronavirus variants are circulating the globe since the first case of the infection was reported in China way back in November 2019.

A study has found that the new variant of Covid-19 is hugely more transmissible than its previous version. This variant seems to spread more easily and quickly than other variants. The new mutant virus may spread more easily, but in every other way, it seems a little different than its predecessors. Currently, there is no evidence that it causes more severe illness or increased risk of death.

It implies that people will need to religiously adhere to precautions like social distancing, mask-wearing, hand hygiene and improved ventilation. It also means that anything we do to reduce transmission will reduce transmission of any variants, including this one.

There is an urgent need to cut down on the transmission of the variant. The vast majority of people are still vulnerable to coronavirus. Infection levels will begin to drop as enough people are vaccinated. A vaccine would teach our bodies to fight the infection by stopping us from catching coronavirus or at least making Covid less deadly.

The Pfizer-BioNTech vaccine has now been cleared for use across North America, Europe and the Middle East, and vaccination campaigns have begun in at least 30 countries. That shot and the vaccine from Moderna were both found to reduce coronavirus infections by 95% in trials of tens of thousands of volunteers.

The biggest vaccination campaign in history has begun. According to data collected by Bloomberg, more than 12 million doses in 30 countries have already been administered.


Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website, and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.

veye logo

Grab Your Free Report On 5 ASX Dividend Stocks To Buy In 2024